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December 15, 2017
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Frontier Equity Buys 177k Office Building in Forth Worth

10/03/17

One Ridgmar Centre, a 177.2k sf, Class A office building in Fort Worth, TX, was purchased by Frontier Equity. The price was not disclosed.

One Ridgmar Centre is located at 6500 W. Fwy, in the Southwest Fort Worth office submarket. The 10-story building has a highly visible location along I-30, with proximity to restaurants, hotels, shopping, entertainment and multiple residential options. One Ridgmar Centre was 89% occupied at the time of sale, with rents at 10 to 15 percent below market rate.

Steve Simon and Steve Rowland with Transwestern represented the seller, Navstar Commercial, in the transaction.

"One Ridgmar Centre proved to be a highly sought-after property receiving multiple offers on the sale,” said Simon. “This robust activity is representative of the increased level of investor interest in the Fort Worth office market.”






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